Insight into Adaptive Insights
Anonymous | TrustRadius Reviewer
October 01, 2015

Insight into Adaptive Insights

Score 9 out of 10
Vetted Review
Verified User
Review Source

Modules Used

  • Planning
  • Discovery

Overall Satisfaction with Adaptive Suite

Our department was the first on campus to implement Adaptive Insights. Our campus does not provide a budgeting tool for finance units other than Excel. As a complex organization comprised of multiple units, we needed a budgeting tool that could provide more stability than Excel, had version controls, and gave us better insight into the budgets, forecasts and metrics of our organization. Since implementing in our department, several other departments on campus have implemented and it is being reviewed as a tool on a much larger scale.
  • The original reason for wanting to make the switch from Excel to a budgeting tool was to correct the issue of broken formulas in financial reporting. Adaptive Suite provides that kind of security.
  • Another important distinction of Adaptive Suite from Excel is version control. You don't have to be concerned that someone is looking at the wrong version of "the truth" when using Adaptive Suite. There are versions and security you can administer to control that.
  • Financial reporting has been taken from a days to weeks long process down to hours. We have many reports we had to manually update monthly that are now the click of a button in Adaptive Suite.
  • The formulas in Adaptive Suite are less easy to use than Excel. It's a bit of a different language to have to learn.
  • The language used in the program-levels, dimensions, sheets, etc. is also another language to learn and has to be translated correctly to communicate with others in the organization.
  • We often have trouble with Java in Adaptive Suite. However, I think that is being phased out.
We currently import Excel files for our Adaptive Planning and Discovery data. It is very easy to use, however manual. We are looking to have a connector in the future.
I like the extent that you can control what the users see, as we have multiple units, it's great that we can restrict users to just what they need. We do most reporting out to Excel, as that is the most widely used software amongst our users and we were able to keep the formats of reports they were used to receiving.
I think it's very well suited for complex organizations and budgeting models. It may be overkill for a smaller or less complex organization. We don't have "sales" in our organization, but based on many of the classes and sessions I have taken through Adaptive Insights, it seems to be very well suited for that type of environment.

Workday Adaptive Planning Feature Ratings

Long-term financial planning
8
Financial budgeting
10
Forecasting
10
Scenario modeling
9
Management reporting
9
Financial data consolidation
Not Rated
Journal entries and reports
Not Rated
Multi-currency management
Not Rated
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
Not Rated
Detailed Audit Trails
8
Financial Statement Reporting
9
Management Reporting
9
Excel-based Reporting
9
Automated board and financial reporting
7
XBRL support for regulatory filing
Not Rated
Personalized dashboards
7
Color-coded scorecards
7
KPIs
7
Cost and profitability analysis
8
Key Performance Indicator setting
7
Benchmarking with external data
7
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
Not Rated